Insightful Analysis on Australian Q4 2023 GDP Data and Subdued Growth Expectations

Wednesday, 6 March 2024, 00:30

The Australian Q4 2023 GDP came in slightly below expectations at +0.2% q/q, highlighting subdued economic growth. Year-on-year figures show a 1.5% increase, indicating a slower pace than anticipated. The 'Chain price index' also rose by 2.0% y/y, providing insight into inflation trends. Overall, the data signifies a cautious economic outlook with room for improvement.
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Insightful Analysis on Australian Q4 2023 GDP Data and Subdued Growth Expectations

Australian Q4 2023 GDP Data Overview

Australian Q4 2023 GDP +% q/q expected +0.3%, prior +0.2%.

For the y/y, it's up 1.5% expected 1.4%, prior 2.1%.

Key Inflation Indicator

The 'Chain price index' rose 2.0% y/y, reflecting inflation trends.

This article provides detailed insights on the Australian GDP data released in Q4 2023, highlighting key figures and implications for the economy.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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